Crypto Today: Ethereum gains slightly, Bitcoin, XRP slip, traders keep eyes on BTC potential new all-time high

• Ethereum gains nearly 1% on the day, hovers around $2,700 on Wednesday.
• Bitcoin and XRP erase nearly 1% of their value, amidst anticipation of a fresh all-time high in BTC.
• The Crypto Fear & Greed Index turns to extreme greed on Wednesday.

Bitcoin, Ethereum and XRP updates 

• Bitcoin trades at $71,886 at the time of writing, down 1% on the day. The largest cryptocurrency flirted with the previous all-time high of $73,777, and climbed to a peak of $73,620 on Tuesday. 
• Ethereum is trading at $2,660, the altcoin gained nearly 1% on the day. The altcoin is rallying ahead of a key market moving event, the US Presidential election. 
• XRP slips lower, to $0.5230, erasing nearly 1% of its value, while traders keep eyes peeled for a rally in Bitcoin. 

Chart of the day: EigenLayer (EIGEN)

EigenLayer ranks among the top cryptocurrencies on Binance that yielded high gains for traders in the last 24 hours, on the exchange’s spot markets. EIGEN trades at $3.117 at the time of writing, the token could extend its gains by 9.60% and climb to the upper boundary of the Fair Value Gap (FVG) at $3.411. 

The Moving Average Convergence Divergence (MACD) indicator shows green histogram bars, above the neutral line. EIGEN likely has positive underlying momentum in its price trend. 

EIGEN/USDT 8-hour chart

If there is a correction in EIGEN, the token could sweep liquidity at the October 29 low of $2.826. 

Market updates 

• The Crypto Fear & Greed Index reads 77 on Wednesday, traders turn “extremely greedy” after over a month of “greed.” Typically, this is considered a sell signal. 

Crypto Fear & Greed Index 

• A Coindesk report notes there is a  huge uptick in Btcoin call option buying on CME and demand for short-term lending has increased. Institutional investors are likely preparing for rising crypto prices as the US Presidential elections approach.
• Bitcoin spot ETFs recorded a net inflow of $870 million on October 29, the highest level since June 5. 

Industry updates

• Chainlink introduced a key upgrade, CCIP v1.5 upgrade with security and privacy enhancements for users, per an official tweet on X. 

• According to Visa and Coinbase’s partnership announcement, customers of Visa can integrate their eligible debit card into their exchange account and deposit funds instantly. 
• PEPE becomes first meme coin to be listed on a crypto exchange in Japan. BitPoint Japan announces the start of PEPE’s trading, lending and fixed investment on its platform.